Last year, Chinese scroll artist Zhang Daqian raked in $506 million in auction sales, surpassing Andy Warhol by a good $175 million. This is significant. Asia’s appetite for art has expanded in direct proportion with the region’s rapidly developing economy, which has been largely unfazed by the U.S. financial and European debt crises. China, which is opening museums at a rate of about 100 a year, now accounts for 41 percent of total world art revenue, up from 33 percent in 2010, and shows no signs of slowing. At this point, it is not unthinkable that New York might give […]